Since hitting a low price of about $1,823 in October, gold futures have rallied to over $2,100 as of yesterday. Over the last three days, gold futures are up over $90, and at last check as of about 9:35 am ET, they are up over $10 today. So what gives? Have a look at this [...]
On Friday, esteemed economist Paul Krugman posted this tweet... This was after the government reported that both CPI and PPI came in hotter in August than expected, due to a rise in energy prices. As expected, Krugman was excoriated for the fact that people need all three of those items he wants to exclude from [...]
By many measures, the U.S. stock market was due for a rally last week, and it got one. Over the last three trading days, the market rallied anywhere from about 2.5% to 4% among the major market averages. Prior to the start of the rally, the market had declined for three consecutive weeks after the [...]
It should be apparent by now that we are likely in a recession, as the Federal Reserve has finally embarked on a policy of tightening monetary policy to deal with historic inflation. Most pundits were shocked that 1st quarter GDP came in at -1.4%, as virtually no Wall Street economist predicted that much weakness. I [...]
Back in 1993, I was five years out of college, and while making decent money as a commercial real estate appraiser, I was still searching for something new. Just the year before I had started making decent money for the first time in my life, and this had carried over to 1993. So, I was [...]
As one trader I follow commented today, "the selling was just relentless, and there was no bid to the market." The fact of the matter is that we are likely in the beginning stages of a bear market. At the very least, it will be extremely difficult for the market to make much headway in [...]
With all the money the central banks around the world are printing, many intelligent investors are turning to gold as a hedge against inflation risk. But, is gold a good long term investment? Well, that depends on what you consider long term. If you invest in securities with the Warren Buffett approach, you'll find numerous investments [...]